Category: Precious Metals Update

28
Mar
2012

Goldman Gold Bullish: $1785/oz in 3 Months; $1,840/oz in 6 Months and $1,940/oz in 12 Months

Gold’s London AM fix this morning was USD 1,677.00, EUR 1,255.62, and GBP 1,052.00 per ounce. Yesterday’s AM fix was USD 1,694.00, EUR 1,266.54 and GBP 1,059.55 per ounce.

Silver is trading at $32.51/oz, €24.36/oz and £20.42/oz. Platinum is trading at $1,630.50/oz, palladium at $644./oz and rhodium at $1,425/oz. 

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27
Mar
2012

Gold Nears $1,700/oz After Bernanke QE Hints, OECD $1.3 Trillion Eurozone ‘Firewall’ and Despite Indian Gold Strike

Gold’s London AM fix this morning was USD 1,694.00, EUR 1,266.54, and GBP 1,059.55 per ounce. Yesterday’s AM fix was USD 1,658.00, EUR 1,255.02 and GBP 1,047.91 per ounce.

Silver is trading at $33.07/oz, €24.77/oz and £20.72/oz. Platinum is trading at $1,656.75/oz, palladium at $660./oz and rhodium at $1,425/oz. 

Gold rose 1.76% in New York yesterday and closed at $1,693.47/oz. Gold traded sideways during Asian trading and then buying in Europe drove it to over $1,696/oz.

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26
Mar
2012

Gold Bar (1 Kilo) Filled With Tungsten Found in UK

Gold’s London AM fix this morning was USD 1,658.00, EUR 1,255.02, and GBP 1,047.91 per ounce.

Friday’s AM fix was USD 1,651.00, EUR 1,246.04 and GBP 1,040.85 per ounce.

Gold rose 1.23% in New York on Friday and closed at $1,666.22/oz. Gold rose sharply at the open in Asia before determined selling at the $1,670/oz level saw gold fall. Weakness continued at the open in Europe which has gold now trading at $ 1,657.80/oz.

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23
Mar
2012

Gold in Q2 +15% To $1,850/oz On Inflation and Currency Debasement – BARCAP

Gold’s London AM fix this morning was USD 1,651.00, EUR 1,246.04, and GBP 1,040.85 per ounce. Yesterday’s AM fix was USD 1,636.00, EUR 1,243.16 and GBP 1,035.97 per ounce.

Silver is trading at $31.65/oz, €23.92/oz and £19.99/oz.Platinum is trading at $1,617.00/oz, palladium at $649./oz and rhodium at $1,425/oz. 

Gold fell  0.41% or $6.80 in New York yesterday and closed at $1,642.50/oz. Gold traded sideways in Asia overnight and rose in European trading which has gold now trading at $1,650.89/oz.

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22
Mar
2012

“Buy This Gold Dip” As $2,000/oz Possible – Thomson Reuters GFMS

Gold’s London AM fix this morning was USD 1,636.00, EUR 1,243.16, and GBP 1,035.97 per ounce. Yesterday’s AM fix was USD 1,656.00, EUR 1,248.21 and GBP 1,042.95 per ounce.

Silver is trading at $31.80/oz, €24.17/oz and £20.14/oz. Platinum is trading at $1,617.50/oz, palladium at $669.75/oz and rhodium at $1,425/oz. 

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21
Mar
2012

Gold Market Sentiment Very Poor Despite Strong Fundamentals

Gold’s London AM fix this morning was USD 1,656.00, EUR 1,248.21, and GBP 1,042.95 per ounce.

Yesterday’s AM fix was USD 1,648.50, EUR 1,248.86 and GBP 1,039.01 per ounce.


Cross Currency Table – (Bloomberg)

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20
Mar
2012

SocGen: “Sharp” Gold Rally As US GDP Surprises “Dramatically” to Downside

Gold’s London AM fix this morning was USD 1,648.50, EUR 1,248.86, and GBP 1,039.01 per ounce.

Yesterday’s AM fix was USD 1,654.00, EUR 1,256.93 and GBP 1,044.26 per ounce.


Cross Currency Table – (Bloomberg)

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16
Mar
2012

India Doubles Customs Duty on Gold Bullion, Central Banks buy on Dip

Gold’s London AM fix this morning was USD 1,649.00, EUR 1,263.02, and GBP 1,049.05 per ounce.

Yesterday’s AM fix was USD 1,646.75, EUR 1,262.26and GBP 1,052.57 per ounce.

Gold closed in New York yesterday at $1,657.30/oz. Gold tumbled in Asia and its low hit $1,645.86/oz and high $1,664.71/oz and is now trading in Europe at $1,646.73/oz.

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15
Mar
2012

South African Gold Production Dives Again To 90 Year Lows

Gold’s London AM fix this morning was USD 1,646.75, EUR 1,262.26, and GBP 1,052.57 per ounce.

Yesterday’s AM fix was USD 1,662.00, EUR 1,271.61 and GBP 1,057.93 per ounce.

Gold fell more than 2% in New York yesterday and closed at $1,643.80/oz. Gold fell in Asia and its low hit $1,635.66/oz and high of $1,649.9/oz, and is now trading sideways in Europe at $1,647.05/oz.

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14
Mar
2012

Singapore Seeks To Be Asian Bullion Hub With Tax Free Gold and Silver

Gold’s London AM fix this morning was USD 1,662.00, EUR 1,271.61, and GBP 1,057.93 per ounce.

Yesterday’s AM fix was USD 1,694.75, EUR 1,291.44and GBP 1,082.63 per ounce.

Gold fell 1.7% in New York yesterday and closed at $1,676.10/oz. Gold fell in Asia prior to further falls in Europe which has gold now trading at $1,656/oz.

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